Speaking with Fox Business, Garlinghouse highlighted that the U.S. government’s previous stance, marked by lawsuits and restrictive regulations, had stifled the growth of the crypto space.
However, with this approach changing, he believes the digital asset sector is poised for rapid expansion. He noted that Ripple’s client base, which is now dominated by non-U.S. financial institutions such as HSBC and BBVA, has flourished in markets outside the U.S., including Japan.
He emphasized the enormous market potential, citing the trillions of dollars flowing across borders, still largely controlled by outdated systems like SWIFT, which was established over five decades ago. The opportunity to modernize this infrastructure, Garlinghouse argued, is immense and is beginning to unfold.
Garlinghouse also pointed to blockchain’s growing appeal in a variety of industries, including stock trading and real estate transactions. Reflecting on the impact of Trump’s presidency on the industry, he revealed that Ripple experienced a sharp increase in U.S. deals following Trump’s election, marking a significant shift in domestic interest.
He expects blockchain technologies to continue evolving over the next decade or two, gradually transforming the U.S. financial infrastructure, especially in areas like payments and securities settlements. The CEO believes the changes are only beginning to gain momentum and will play a significant role in the coming years.
Editorial Team
Reporter at Coindoo
Source: https://coindoo.com/ripple-ceo-predicts-surge-in-crypto-adoption-as-u-s-shifts-stance-under-trump/